Question

Q. What will be the compound interest on a sum of Rs 25,000 after 3 years at a rate of 12% p.a?

• A. Rs 9000.30
• B. Rs 9720
• C. Rs 10123.20
• D. Rs 10483.20
• E. None of these

Answer 1

The correct option is E None of these

Total amount = 25000
${(1+\frac{12}{100})}^3=25000(\frac{28}{25}\times \frac{28}{25}\times \frac{28}{25})=35123.20$